LegalFix
Sign In

§ 1807.800 - Evaluation and selection—general.

Copy with citation
Copy as parenthetical citation

Each Applicant will be evaluated and selected, at the sole discretion of the CDFI Fund, to receive a CMF Award based on a review process that will include a paper or electronic application, and may include an interview(s) and/or site visit(s), and that is intended to:

Ensure that Applicants are evaluated on a merit basis and in a fair and consistent manner;

Ensure that each Recipient can successfully meet its leveraging goals and achieve Affordable Housing Activity and Economic Development Activity impacts;

Ensure that Recipients represent a geographically diverse group of Applicants serving Metropolitan Areas and Underserved Rural Areas across the United States that meet criteria of economic distress, which may include:

The percentage of Low-Income Families or the extent of poverty;

The rate of unemployment or underemployment;

The extent of disinvestment;

Economic Development Activities that target Extremely Low-Income, Very Low-Income, and Low-Income Families within the Recipient's Service Area; and

Any other criteria the CDFI Fund shall set forth in the applicable NOFA; and

Take into consideration other factors as set forth in the applicable NOFA.

Previous Section
§ 1807.700 - Notice of funds availability.
Next Section
§ 1807.801 - Evaluation of applications.